No VAT increase for CJIAC car park & security fees

The Cheddi Jagan International Airport Corporation (CJIAC) on Tuesday says it will not charge the 14 percent Value Added Tax (VAT) on airport security fees nor will it increase the current car park fees by 14%, effective Wednesday, February 1, 2017.

In a statement, the Airport’s Chief Executive Officer, Ramesh Ghir explained that, after serious consideration, the airport’s Board of Directors decided that the Corporation would absorb the loss of income.

“The Board opined that it would have been unreasonable to add VAT to fees that were recently increased. Instead, the Corporation would bear that loss,” Mr. Ghir stated.

Meanwhile, VAT will be charged on all other categories of income. All airport operators were officially notified of the new tax charges.

The new taxes incurred are as a result of taxation measures introduced in the National Budget 2017.